LeonLegler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $34,800. Purchases since January 1 were $75,700; freight-in, $3,600; purchase returns and allowances, $2,400. Sales are made at 33¹/₃% above cost and totaled $100,100to March 9. Goods costing $9,800were left undamaged by the fire; remaining goods were destroyed.

Compute the cost of goods destroyed.(Round gross profit percentage and final answer to 0 decimal places, e.g. 15% or 125.)

Cost of goods destroyed - $

Compute the cost of goods destroyed, assuming that the gross profit is 33¹/₃% of sales.(Round ratios for computational purposes to 5 decimal places, e.g. 78.72345% and final answer to 0 decimal places, e.g. 28,987.)

Cost of goods destroyed - $